Oil holds above $70 as US demand eases Delta fears
Oil held above $70 a barrel on Wednesday as signs of rising fuel demand in the United States were balanced by concerns about travel curbs in Asia caused by the Continue Reading
Oil Steadies With Report Pointing to Shrinking U.S. Inventories
Oil dropped suddenly after a report that the U.S. will urge OPEC to revive production more quickly. Futures tumbled 1.2% in New York as CNBC reported that the White House intends to Continue Reading
Oil recovers from three-week low amid surge in Delta variant in Asia
Oil prices rose more than $1 on Tuesday, recouping some of the losses in the previous session, as rise of demand in Europe and the United States outweighed concerns over Continue Reading
High natural gas prices lead to increased coal generation, 2021 carbon emissions: EIA
Higher natural gas prices are projected to contribute to an increase in energy sector carbon dioxide emissions as coal consumption rises, the US Energy Information Administration said Aug. 10. Not Continue Reading
US EIA cuts 2022 global oil demand outlook by 100,000 b/d on slower US jet fuel recovery
US gasoline prices hit six-year high of $3.14/ gal in July Global oil demand to top pre-pandemic level in 2022 EIA trims US oil output estimate by 80,000 b/d for Continue Reading
Oil recovers from three-week low amid surge in Delta variant in Asia
Oil prices rose more than $1 on Tuesday, recouping some of the losses in the previous session, as rise of demand in Europe and the United States outweighed concerns over Continue Reading
Delta Variant Keeps Pressure on Oil Prices
Oil falls to three week low as Delta variant of Covid-19 continues to mount pressure on demand outlook. Oil slid to a three-week low with new waves of Covid-19 exacerbating Continue Reading
Oil Prices Plunge As China Grapples With New COVID-19 Outbreak
Oil prices crashed by 4% early on Monday to the lowest level since May, after the world’s top crude importer, China, imposed more travel restrictions to fight what it sees Continue Reading
Cheap Natural Gas Is A Thing Of The Past
The era of cheap natural gas might be gone for good. U.S. natural gas futures climbed to a 31-month high of 4.16/MMBtu on Thursday thanks to forecasts for hotter weather Continue Reading
Oil up, but heads for largest weekly loss since March on demand worries
Oil prices extended gains on Friday, but remained on track for their biggest weekly decline since March as travel restrictions to curb the spread of the COVID-19 Delta variant are Continue Reading